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Want to grow the US economy? Cancel student debt, new report shows

Source Date: 
Tuesday, February 6, 2018

Less than a week after President Donald Trump gave his State of the Union address touting the strength of the American economy under his presidency, the stock market saw one of its worst trading days in recent history, with stocks falling by about 1,175 points.

With the markets in turmoil and the fate of the U.S. economy under Trump looking more uncertain than ever, a new report has given lawmakers an easy guide on how to alleviate the economic pressure on 44 million Americans, while also lowering unemployment and growing the economy with one painfully simple policy. The answer: cancel all student debt.

"Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans."
– Robert Reich
"Nothing in life is to be feared. It is only to be understood."
– Marie Curie
The road to success is always under construction
– Lily Tomlin
“This would be a much better world if more married couples were as deeply in love as they are in debt.”
– Earl Wilson
“What I would like to do... once I take care of all my kids' student loans, is buy a red 1965 Mustang and fully restore it.”
– Mike Quigley
"There is scarcely anything that drags a person down like debt."
– P. T. Barnum
"If we don't change direction soon, we'll end up where we're going."
– Irwin "Professor" Corey